Automotive

China to Steer FDI into New Sectors

Dec. 30 – The National Development and Reform Commission (NDRC), China’s top economic planner, published the 2012 Foreign Investment Industrial Guidance Catalog on Thursday outlining industries in which foreign investments will be encouraged, restricted or completely prohibited.

In the Catalog, effective from January 30, 2012, the NDRC stated China encourages foreign investors in strategic emerging industries, such as energy-saving and environmentally-friendly technologies, next-generation information technology, biotechnology, alternative energy, advanced materials, recycling industries, and alternative-fuel cars. The NDRC added China welcomes foreign capitals in hospitals and financial leasing firms. Continue reading →

Posted in Automotive, Business, Featured, Foreign Trade, Technology | Tagged China 2012 Foreign Investment Industrial Guidance Catalog, China Automobile FDI, China Energy FDI, China FDI Encouraged, China FDI Prohibited, China FDI Restricted, China Manufacturing FDI, Ministry of Commerce, National Development and Reform Commission | Leave a comment

China’s Auto Industry Looks to Enter Kazakhstan

Jul. 12 – The Chinese auto industry is looking to make a major entry into the Kazakhstan market, said Wu Haiyu, secretary-general of the China-Europe Association for Technical and Economic Cooperation, during the Second Chinese Independent Brand Car Expo being held in Beijing this week. The exhibition displays roughly 200 car models produced by 18 Chinese enterprises, all domestically designed and manufactured.

Speaking on the exportation of Chinese cars, Wu noted that China is extremely optimistic about the prospects and opportunities in exporting Chinese automobiles to Central Asia. He added that China will be ready to hold its first auto exhibition in Kazakhstan and indicated that, among export opportunities in Central Asia, Kazakhstan showed the greatest promise. Continue reading →

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Mongolia Expels Hundreds of Chinese Truck Drivers

Jun. 17 – 2point6billion.com has unconfirmed reports from Mongolia’s South Gobi region, home to much of the nation’s mining industry, that hundreds of Chinese truck drivers have been turned back to the China border.

There has been no official commentary on the issue, however we understand that it is linked to three main aspects concerning cross border transport and China-Mongolia relations. At the heart of the matter is the current status of both nations concerning their recognition of cross border transport protocols as determined by the international organization Transports Internationaux Routiers (TIR). Continue reading →

Posted in Automotive, Culture & History, Featured, Foreign Trade, Shipping & Logistics | 4 Comments

Auto Sales Slow Down in China and India

By Vivian Ni

Jun. 13 – Domestic auto markets in China and India may no longer be able to repeat last year’s impressive sales records, as auto sales growth in both countries’ continued sliding in May. Experts say the market downturn is caused by a combination of long-term and short-term issues, including the impact of Japan’s earthquake and tsunami, soaring fuel prices, and inflationary pressure.

Statistics released by the Society of Indian Automobile Manufactures (SIAM) on June 9 shows that, while April-to-May auto sales records grew by 16.34 percent from a year earlier, the year-on-year growth in May alone slowed to 13.4 percent. Continue reading →

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Saab to Be Funded by Its New China Deal with Pangda

May 16 – Spyker Cars NV, owner of Swedish car-maker Saab, recently announced that it has signed a tentative deal with China’s Pangda Automobile Trade Co., Ltd, which will provide sufficient funds for Saab’s medium-term development.

According to the two parties’ agreement, Pangda, the company that has just raised nearly US$1 billion in its initial public offering last month, will purchase Saab vehicles with a total value of EUR45 million (US$63.6 million), and take 24 percent of Spyker’s equity stake for EUR65 million (US$91.8 million). The two firms will also establish a joint venture – with both parties holding 50 percent of shares – for the distribution and manufacturing of Saab cars in the Chinese market. The new deal is hoped to help Saab, whose auto production was stopped in Sweden last month due to fund deficiency, steer clear of its financial problems. Continue reading →

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